Crude oil is heating up again! 🛢️ On the 1H chart, WTI (USOIL) is showing a strong rejection from the 6700 resistance level, after a sharp rally from the 6450 support zone. This clean V-shaped recovery hints at aggressive buyers stepping in – but is this just a pullback or the start of something bigger?
🔍 Key Levels to Watch:
Resistance: 6700 – 6750
Support: 6550 – 6450
📉 Currently, price is sitting around 6657, and we just saw a rejection candle at the top. This could be a potential short opportunity if we fail to break above 6700. However, a clean breakout above that zone may trigger a bullish momentum run toward 6900+.
💡 Pro Tip: Watch for volume confirmation and RSI divergence. If bulls step back in, expect fireworks! 🎇
📊 My Strategy:
Waiting for a confirmation candle before entering. Either short below 6620 or long above 6720. Risk management is key. 💯
🔥 Don’t just trade—trade smart! Let’s see how this plays out. Comm$ETH ent your setup👇$BTC